The typical St. Petersburg home was worth $354,074 in August 2026, down 1.1% in a year and 11% below the May 2024 peak, per Zillow.
Last checked Oct. 10, 2026. Figures come from Zillow Research (data through August 2026) and the Federal Housing Finance Agency (through the second quarter of 2026). Refreshed each month when Zillow publishes new data.
St. Petersburg home values have cooled since the spring of 2024 and have been close to flat through 2026. The typical home in the city was worth $354,074 in August 2026, according to the Zillow Home Value Index, down 1.1% from a year earlier and about 11% below the peak of $398,619 in May 2024. Values bottomed out at $350,513 in December 2025 and have crept up since.
The numbers at a glance
- Typical home value, August 2026: $354,074 (Zillow)
- One-year change: down 1.1%
- Median sale price, July 2026: $380,000 (Zillow)
- Median days to pending, August 2026: 42
- Pinellas County typical value, August 2026: $370,534, down 0.8% in a year
- Questions about your own assessed value: Pinellas County Property Appraiser, 727-464-3207
Ten years of home values
| August of | Typical value | Change from a year earlier |
|---|---|---|
| 2016 | $176,902 | |
| 2018 | $214,927 | |
| 2020 | $251,795 | |
| 2021 | $310,122 | up 23.2% |
| 2022 | $388,756 | up 25.4% |
| 2023 | $387,183 | down 0.4% |
| 2024 | $394,449 | up 1.9% |
| 2025 | $358,102 | down 9.2% |
| 2026 | $354,074 | down 1.1% |
The index doubled between 2016 and 2022. The sharpest drop came between August 2024 and August 2025, when the index fell 9.2%.
What homes are selling for
The Zillow Home Value Index estimates what a typical (middle-third) home is worth, sold or not. Actual sales tell a slightly different story. Zillow’s median sale price for St. Petersburg was $380,000 in July 2026, up from $360,000 in July 2025. Monthly sale prices jump around with the mix of homes that close; spring 2026 ran from $349,900 in February to $397,000 in March.
Homes are selling faster than last winter. The median listing went under contract in 42 days in August 2026, compared with 62 days in January 2026 and 56 days in August 2025.
Compared with the neighbors
Zillow’s typical home value in August 2026 and the one-year change:
| Place | Typical value | One-year change |
|---|---|---|
| St. Pete Beach | $600,774 | down 3.8% |
| Treasure Island | $526,231 | down 2.2% |
| Tampa | $377,566 | down 0.3% |
| Pinellas County | $370,534 | down 0.8% |
| St. Petersburg | $354,074 | down 1.1% |
| Gulfport | $353,115 | down 2.7% |
| Clearwater | $342,820 | down 0.6% |
| Pinellas Park | $302,985 | down 1.6% |
| South Pasadena | $292,966 | down 6.2% |
The beach towns, St. Pete Beach and Treasure Island, peaked in August 2022 and have fallen furthest since, by 21% and 24%.
ZIP code by ZIP code, with zoned schools for each area: our St. Petersburg neighborhoods guide.
The federal measure
The Federal Housing Finance Agency’s all-transactions house price index for the St. Petersburg-Clearwater-Largo metro division, which tracks repeat sales and refinancings of the same homes, stood at 594.44 in the second quarter of 2026, almost unchanged from 594.97 a year earlier. It points the same way as Zillow: prices have stopped climbing but have not fallen far.
What the census says
The Census Bureau’s 2023 American Community Survey five-year estimates put the median value of an owner-occupied home in St. Petersburg at $331,500. Owners report that figure themselves and it covers 2019 through 2023, so it lags the market. See our St. Petersburg population and growth page for the housing figures in full.
What this means for you
- Buyers: values are about 11% below the 2024 peak and homes take about six weeks to go under contract, which gives more room to negotiate than in 2021 or 2022.
- Sellers: the index is a little higher than in January, but year-over-year values are still slightly down.
- Flood zones matter. In the special flood hazard area, big repairs can trigger the city’s 49% rule; see building permits and zoning.
- Taxes reset when you buy. The Save Our Homes cap comes off the January after a sale; see Pinellas County property taxes.
Weekly sales are on our real estate transfers page.
How we did this: Zillow’s figures are the smoothed, seasonally adjusted Home Value Index for all homes (single-family and condo, middle tier), its raw median sale price and its median days to pending, for the city of St. Petersburg. Percentage changes are our calculation from Zillow’s published values.
Frequently asked questions
What is the average home price in St. Petersburg, Florida?
Zillow’s typical home value for St. Petersburg was $354,074 in August 2026. The median sale price in July 2026 was $380,000.
Are home prices going down in St. Petersburg?
Values have eased. Zillow’s index fell 1.1% from August 2025 to August 2026 and sits about 11% below its May 2024 peak of $398,619, though it has edged up since January 2026.
How fast are homes selling in St. Petersburg?
The median St. Petersburg listing went under contract in 42 days in August 2026, according to Zillow.
Are St. Petersburg homes cheaper than Tampa?
Slightly. In August 2026 Zillow put the typical St. Petersburg value at $354,074 and Tampa’s at $377,566.
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